July brought a significant shift for homebuyers across the U.S.—demand dropped to its lowest point on record, with sellers now outnumbering buyers by 51.3%. This dynamic is tipping many markets into strong buyer’s territory, largely driven by rising mortgage rates and ongoing economic uncertainty. Interestingly, just six metro areas are still favoring sellers. Here at the Jersey Shore, I always look at these trends through the lens of a builder and waterfront specialist. Navigating a buyer’s market isn’t just about timing; it’s about truly understanding a property’s underlying value and structural soundness—especially important for those considering high-end waterfront homes. My experience in both real estate and construction helps clients spot opportunities and avoid pitfalls in these changing conditions.
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